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THIS INOEN1t1RE, Made the ~~t1 day of ~ ~y' } - ` ~ ~ A.D. 19 ~5-, betwecn ~
. . , S i i ' . ' i ' 4 _ ' ~
~ ~~raidiri~ P. We~~hans ar~d Kenneth Vz Welshans'. her husband ~
of Sti ~'uC~@ Covnty Florida, heraina(ter design~ted as 1ha "h10RTCAGOR;' and fIRST FEDER4l SAVINGS ANO LOAN '
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ASSqC1AT10N Of FORT PIERCE, a corpo~+lia~ organiiod and exisling undet Iho la•.v~ of Sha United Siatos of Amcrica and havtng iia principai place of
bv:lnesi in tho Ciry o~ fvrt Pierce, St, lvcie Co~nty, florlda, hercinafter designated as Ihe "h10RTGAGEE.'
WHFREAS the h1QkTGAGOR is justly inc~ebled to the h10RTGAGEE in the s~m ot 5-25l.6~0~ ~ , good and la~~•ful money of tl~e Uz~!ed
5tates advanced by th« h10RTGAGEE unto tha MORTGAGOR, as evidenced by a cenain p~o;nissory note of ever. dale haiewitFe, of which tha fofiowing in
words and figures is a tr~e copy, to-wii:
~~d0. Q~._ ' R?o_ 100213~5
Forl Pirrto, Florids, ~X 20 ~9.--~~3-
Fur value :eceivad, I, ~ve ~r eiiher o4 vs, promise to pay, witl~out defa~cation, to th~ order of FIRST FEDERA~ SAVINGS AND LUAN ASSOClATION.OF
FORT FIERCE at~ Fort Pierce, Florida, the tum of S 2~l-60Ol-00 w;~h inlcrest (roln dale at fhe raie of 8~
7~0~o per annum, in rrzonthly install-
ments as follows: S• ~li-~Q- on the ~h day of J~~-___, 19 75 and a like sum on the correapond~ng day of each mnnth there-
ifter until Ihe whc!e be fully paid. .
Eath insta!Imant first~shall be applied in payment of the in~erest and Ihen on Ihe un~aid balance of the prindpal s~m. If defauit (s mzde irt the ~
payment of an~ ~~staflmer~l when due, and such defau~t continues 30 d~ys, the~ at tha op!io~ of the hotder, and without ~ny other netice, all Ihe remaintng
installments shAll bo due and payable at once. Privilege is given to prepay this n~te in whole o~ in part at tny time wilhoul penaity. Nei~her forebearance,
nor acceplanca ~y the holdet the~eof after eny dafault in any piyments he?eon, ~halt be deemed exteniion. A late payrnent chare~e of S~Qa-~~-. shall be .
added to each Installment remain;ng unpaid 7 day~ af(er i!s due d~te, and a like sum shall kie added ln each such installme~t remaiciing ~npaid 7 days after }
each succeeding payment date. _ ' • - ' .
Eath maker,~s~~rety and endorse~ hereof, join?ly and srvcraRy, wai~es demar.d, presentmenc profest and natice of protest fcr nonpayme~U, and further ~
~ agrees t~ any exte~sion of time, of pay~nent, either 6efore or after maiurity, without notico to any uf us; and to pay all costs of colladion, includiny a ~
teason~ble attorney'3 fcr in the event of any dafautt hercunder, and heraby severally ~vaives al( benefit of homestsad ar.d exemption Undet the constitu;lon
and laws ~f each Slate ci Ihe United States, as against this obligalion or any ex~ens~on or renewa) hereof.
Witness Ihe han;~ and seal of aach pariy. ' '
- - - ~ , ~/Gezaldine F. ~We~shans (SfAI)
' (SEAU
. s Kenneth V. 'Welshans ~S~ij - _
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$38.40 ~ . ~ , csEnt)
. J Statc Revenue - • , ~ - .
(9nRn~cent~ile~ err etUgfnel ~etl~ - -
• ~dOY~, THEREFORE, th> MORYGAGOR for )he purpose of secvring payment of said sum of S~..r2+bQQe~_--, and the Frrformertce of ffif _
covenaNS and agreements hereinafter expreised, and for divers good and vatvable cc,-:~iderafions, 5y Ihese presentt, dces gront, targain, selt, remise;
- release, convey and confirm unto tF~e MOt2TGAGEE, its successo~s and assigns, all that.certain lot, piece a parcel of land, sit~ate, lying, and being in iM
- County of St• 1•'aCi@ a~d Sta1e of Plorida, described as follow~: ~
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/ d ~ /"~?~?c~>/~' - -
I.ot l0~ Block 412, PORT ST. LUCIB SSCTZON 3~ as per plat thereof recorded in Plat
Book 12f F~ges 13A to 13I inclus~ve~ of~the Public Re~ords of_S~. C.ucie ~ounty~ -
Floxida~ - -
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~ QF. KEVE.h -:i ~7'v' , • ~ ~ -
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- ~c . ~ ~ ~ `PB. - . . ffEt;EIVEA • ~ IN PAYMEI{T OF TN(f~
'`ri - DUE ON CiASS'C INTANGiBIE PEF:SOtU1l PROPERiYr
~ ° ' QURSUANT TO CHA?TER 71-134, ACiS OF 19fi.~ -
~ . ROGER POlTRAS ~
. Cf.ERK CIRCUIT COURT, Sf. lUC~E C0~ FUk
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together with tll and siru+~I?r =;~e tenements, he:;.ditaments and appurtances tnereunto belonging ot in anywise appertaintng theteto, and alt rents, iuues,
prxeeda and profits ac<-u~ng and to acvua from said premises, al! of rvhich are included in tFx above and foregoin9 descriptioo and haberxlum. .
TO HAVE AND HPLD the above de~cri6ed and giantad cremises unto !he said MORTGAGEE, its succrssors and s~signs farsvrr. Md tlx s+id
A10RTGAGOR for t~e~r heirs, execuTors, administrators and assigns, hereby covenantt with ihe said MORTGAGEE, its svttessor: and as~fgm,
- - thai -t--heY aYe lawfuliy seized of the said premises in fee simple; that tha same a~e' free, clear and diuharged: from sll (i~ns ~nd 'rxum~
brence: in lew or in eq~ity, and that~pK~ will end th~Y hair: shall warrant and defeni! the tide to the ssme io tl?e ssW . _
i'I~RiGAGEE, i!s wccessors and assiqns, forever agair.si t'~e lawful claims and demands of atl perta:t;
PROVIDED, AL1M1iAYS that if the MORTGAGOR 3hall pay unto the MORTGAGEE the p:omisiory note"hc?sinbefore desc:ibed and sMll tnify, prompTly
ar.d fully perform, d~scharge, execvte, complete, cornply w~ith and abide by each and every the stipvlatior+s, agreements, cortdiYwnt and_ cavrnanri of tcid
promissay note and o! this Mort~age, then this Mortgage and the Estate-hereby ueated aAall cease and be evll snd wid. eE~d
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!T IS UNDERSTOC~U that the word "Mar!gagar" whether i~ the singuiar or plyra! anyrvhere [n this Mortysye, shsU be cin~ular if one on!y snd Q~ _
shall 5e plural joimty and severally if more tha:? one, and thal the word "the;r" as used rnywlxro in thi~ Mortgaga shall be taken to mean "hk,"_ "hera," ~
- or "its;' wherever the context so i-nplies or admits. Also, tfiat wherever there is a refererr.e in the covrnanri srx! agreemrnri heroi~ conteined fo ~ny oF ~
the parties hereto, the same shall be construed to m.ran a~ v.fll a~ the hein, ~egsl rcpresantsriveo, svccesson and a~i~Qns (either volvnTary by act of the ~
parties ar invo!u~tary by op~tation of the !aw} of tfi~ sartme and that the covenants herein conS~ined shal! ~bind snd the benefits and adv~ntsyss inure
• to the respective heirs, legal representati~e:, successoss and au~gns of the parties hereto. ' " .
And said Mortgagors, ~or themutves and thetr hein, Iegal represem~lives, i~ccessors and auigns, hereby joimly ~nd sever~tly covansnt ~nd ~grN
- ro snd with the said MORTGAGEE, its successors snd assigrts: • -
1. To pay ell and aingular the principat and interest and tht variovs and sundry s~ms of money psyable by •iirtve of s:id Fxomissory not~, snd tfiis _
:rwrtgaga, each arx! evary, promptly an the dayi respectrvety the same xYerally becomt due.
2. To pay sli •nd ~ingvlar the t~xes, assessments, levies, li~bilitdes, obiig~tiions snd enc~mbrsnces of every nature arid kind r.cw on s~id daor~ad
property, or thst hereafter mey b2 imposzd, suffered, plated, levied, or sssessed thereon, w that hereafter may be kvied a nsased upo.7 this N4ufy
age, ~ the indebted:?eu secured hereby, exh ancl every, wFxn due and pay+ble, according to law, befwe they bec~r-~~ dslinquent, a~d brfore sny inter~1 .
attaches w any penalty is inc~rred; AND INSOFAR AS ANY iHEREOf IS OP RKORD THE SAM~ SHAII BE PRdMFTI~ SATISf1ED AND DISCHARGfD Of
RFCORD A~2~ THE ORIGINAL OffICIA! DOCIiMENT (SUCY A5, fOR INSTANCE, THE TAX RECLIPT OR THE SATlSFACTION PAPER Uff1CIAlLY ENOORSEG
OR CERTIFIED) SHAII BE PLACED IN THE HANDS OF SAID MORTGAGEE WIiHIN TEN RAYS NEXT AFTER PAYMENT; snd in the eveM th~t any t4xteof is not_
- paid, sat:sfied and discha~ged sa:d MQRTGAGEE may at any time pay the samr ~r a~iy part the:eof without waiving w affecting sny cpYroe~, lien, eqvity a
?'~qkt vndei or by virtut of this rrortgage and the full nmount of each and every svch payment sha11 be im:ne~Eately dve aru! payable and shsll bca: intert~t
;rpm the tiale thereof ~ntil paid a! rate of nine per centvm per annum and together ,vith such intaasl 3ha11 be set~red by the IiM of tb"s mwqtipe.
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